Wednesday, March 5, 2008

Postal Early Outs, Postal Buyout, Postal Early Retirement ...a look at the past

With all the talk amongst the Postal Service rank and file about Postal Early-Outs, USPS Early Retirement Offers, there is always the hopes and dreams for salary bonuses to workers as an incentive in a Postal Buyout. So far, all the rumors of any early retirement, are just that ...RUMORS! However, should a buyout offer present itself, what might it look like? It the past, 1992 specifically, the Post Office offered this:
A six-month salary bonus for either regular or early retirement. Workers are eligible for immediate pensions at age 55 with 30 years of service, at age 60 with 20 years or at age 62 with five years of service. During an early-retirement open window, employees can retire at any age after 30 years of service, or at age 50 with 20 years of service. [Reference: http://www.highbeam.com/doc/1P2-1023543.html]

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